|
|
| Wealth Building Information |
|
|
|
|
You?re Eating Your Retirement Money
Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let's do the math. You eat out 5 days a week at an average cost of $5 to $7 a day. At $5 a day averaging 20 days a month (and some months more), but let's just go with 20 days x $5 = $100 a month x 12 months, that is $1200 a year. You could use that $1200 for a vacation, or as the title of this article states, start your own retirement fund. You do the math. Let's say you are currently 30 years of age and you save that $1200 a year x 35 years (retiring at age 65) = $42,000. Now that is just a straight $42,000 not invested in a mutual fund, IRA, or any type of fund that would pay some interest or grow over the years. It is a lot better than it just going down your throat, never to be seen again. Let's do the math for $7 x 20 days = $140 a month x 12 months = $1680 x 35 years = $58,800. And if you spend more for lunch just do the math. It is a substantial sum of money going down the tubes (your esophagus to be exact)! Years ago, when I worked in Corporate America, my co-workers would be mystified by my ability to buy a new dress, suit, coat, shoes, etc. each month. They consistently remarked on how good my wardrobe looked and wanted to know my secret. It was simple. I saved around $100 per month by bringing my lunch from home instead of eating out. I took some of what I saved for clothes and saved the rest. My friends were amazed that such a small change could have such great benefits for them. I spend on average $2-$5 a week on lunch depending on what I buy. If for example I buy tuna, I can get that not on sale for $2 a can. Mixed with mayo or dressing, which I already have, that makes a week's lunch on a slice of bread, which again I already have in house, along with the piece of fruit. For those of you who are sticklers out there, tuna = $2; bread = $3; mayo/dressing = $3; that is still under $10 for the week, and at $5 a day for lunch, what you pay for two days of lunch I am getting lunch for a week. To be a bit more exact: remember, the mayo and bread last for more than one week, so the actual cost is even less than $10 per week. For those of you who are already complaining you don't have the time to make lunch. Yes you do, after you have cleaned up after dinner, take the time to make up your lunch for the next day. Take some time on Saturday or Sunday to make up your lunch for the week. So, start eating smart, and in the majority of cases a lot healthier, today, and the biggest PLUS is start saving lots of money for the special things you want and for an even better retirement. Copyright 2005 DeFiore Enterprises Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach. Visit http://www.hbsdigest.com to start today.
|
|
|
|
RELATED ARTICLES
My Entrepreneurial Fire-I Grabbed My First Million Before I Got Too Old My First Million took me exactly 27 months to achieve. I remember the day I made the resolution with self respect. It was a brave choice and required some faith. But looking back, faith had little to do with it. You see, I knew some things that I didnt know before after reading a book. The book made so much sense to me and was clear...so clear infact that it passed on Vision to me. Steps to Financial Freedom Financial freedom is the power to do what you will with your life without being forever bound by lack of money and over burdened by debt. This worthwhile goal can be achieved by anyone through careful planning and persistence. Just follow these steps: The PDQ? Factor It's the beginning of a brand new year: a time to set goals, make plans, and start afresh; a time to dream of making more money, having a more beautiful body, and experiencing more love. I can't help you with your body or your love life but I can show you some tools for making more money this year. Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth We all go to school for about twelve years, kindergarten through high school. Some of us go to college and then graduate school. Personally, I went to school for three years beyond college with law school and took financial courses after that was over. In all of that time, economics courses, accounting courses and even tax courses, no course or school ever covered what we are going to talk about. Its High Time for Lifetime Savings Accounts I'm constantly reading articles on the internet and in financial magazines in which so-called financial planning experts express perplexity as to why about 30% of employees do not participate in their employers' 401(k) plans. These writers don't seem to have clue. Well, allow me to enlighten them a bit. For the most part, it's because of the restrictions imposed on the employees' money. Financial Freedom for Every Employee You may think you have to be an entrepreneur to achieve your goal of financial freedom, but that is not necessarily true. While it is true that owning your own business is an excellent way to generate passive income, financial freedom is not entirely dependent on business ownership. Want Money? You Got It! Six out of six people who were asked to list their highest priority in life said, "I want money". Maybe not in those exact words, but that was the gist of the request. Understand, when you ask the Universe for something the Universe must help provide it. All six of these people are getting exactly what they asked for. They are 'wanting money'. 7 Wonders of the Offshore World Many people assume that the offshore world is accessible only to the super rich looking to increase their wealth, or to large multi national corporations looking to escape taxation. 5 Easy Ways to Save and Build Wealth 1. Pay off high-cost debt. The best investment most borrowers can make is to pay off consumer debt with double-digit interest rates. For example, if you have a $3,000 credit card balance at 19.8%, and you pay the required minimum balance of 2% of the balance or $15, whichever is greater, it will take 39 years to pay off the loan. And you will pay more than $10,000 in interest charges. You?re Eating Your Retirement Money Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let's do the math. You eat out 5 days a week at an average cost of $5 to $7 a day. Turn Your Job Loss Into the Opportunity of a Lifetime There are few things in life that are more stressful than the loss of a job. You may think that the loss of your steady paycheck puts financial freedom that much further off, but nothing can be further from the truth. The 9 Critical Steps To Success In Demolishing Your Money Worries For Good! Articles on 'How to make money' come a dime-a-dozen. How about a fresh, new perspective? Here's a rather unique, untapped, revolutionary article about the 9 Simple (Yet Powerful) Steps You can use right now to Demolish Your Money Worries for Good,...for Life,...Forever! 7 Power Habits that Build Financial Independence Financial independence is having the freedom to support yourself through your own efforts. Here are seven fundamental habits that will help you achieve and maintain financial independence. Simple Strategies to Making Financial Gain Now is a great time to make it a habit to manage your resources instead of your resources managing you. What is meant by that when we are stating that "Your money manages you"? Here is a well known example: The 11 Best Money Saving Ideas of All Time - Part 2 At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true. Are You Ready For Undesired Events? Planning for the undesired, accidents and possible unknowns in life. Recently, a remote friend of mine died during an accident. I don't feel particularly sad, but I was shocked to know because the scenario was quite dramatic. Living Trusts: Do They Protect Your Assets From Creditors? A surprising number of readers want to know "Can a living trust protect my family's assets from creditors and lawsuits?" 7 Golden Rules to Financial Prosperity Not Enough Money? Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments Wealth - an abundance of values. Each of us determines what is or is not of value to us. He or she may not be wealthy even though they may have a great deal of money because they have no honor, no happiness. How to Make More Money When I was a student in London, I had a part-time job working in a new-age bookshop near Camden Town. One day, Robert Plant, the lead singer for Led Zeppelin, came into the shop and walked up to the owner.
|
| home | site map |
| © 2005 |